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Britain’s INEOS puts brakes on launch of electric vehicle

Britain’s INEOS Automotive Limited has indefinitely delayed production of its first electric vehicle.

• July 4, 2024
INEOS Electric Vehicle
INEOS Electric Vehicle[Credit: MotorTrend]

Britain’s INEOS Automotive Limited has indefinitely delayed production of its first electric vehicle.

The company announced this on Thursday, just months after unveiling the model, with production expected to begin in 2027.

The INEOS Fusilier SUV was planned to be available in pure electric and plug-in hybrid versions.

In a statement, INEOS Automotive said, “We are delaying the launch of the INEOS Fusilier for two reasons: reluctant consumer uptake of EVs and industry uncertainty around tariffs, timings and taxation.

“Charging infrastructure for EVs in most markets continues to grow, and consumer confidence will match that.’’

However, for the industry to meet net-zero targets, policymakers need to have long-term clarity and several technology options available, considering factors like raw materials, infrastructure, and affordability.

It added, “We are committed to bringing an EV to market not just because of legislation but because we want to. It is the right thing to do. But as a new small-volume manufacturer, we can only produce vehicles that will sell.

“The Fusilier is an electric vehicle but also provides the option of a range extender that uses a small low-emission petrol engine to charge the electric battery when external charging isn’t available.

“This low-emission solution for longer journeys or where charging is not possible would still be banned in both Europe and the UK in 2035, if not earlier in the UK, should Labour be elected into government this week.”

Labour has pledged to reinstate the 2030 ban on new petrol and diesel cars if it wins the UK general election.

The move would reverse Prime Minister Rishi Sunak’s decision in September last year to delay the ban from 2030 to 2035. 

(dpa/NAN) 

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